TON Strategy (TONX) Selling, General & Administrative (2013 - 2026)
TON Strategy (TONX) recorded Selling, General & Administrative of $7.82 million in Q1 2026, up 134.9% from $3.33 million a year earlier but down 16.4% from the prior quarter.
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Analysis
TON Strategy (TONX) Selling, General & Administrative (2013 - 2026) Analysis & Trends
On a TTM basis, TON Strategy's Selling, General & Administrative came in at $45.38 million as of Mar 31, 2026, up 291.0% year-over-year; for FY2025, it came in at $40.89 million, up 263.9% from FY2024.
- Annual Selling, General & Administrative has a five-year compound annual growth rate of 14.9% (FY2020 to FY2025).
- Across earlier years, Selling, General & Administrative came in at $11.24 million in FY2024 (-2.3%), $11.51 million in FY2023 (-35.2%), $17.77 million in FY2022 (-30.9%) and $25.71 million in FY2021 (+25.7%).
- Quarterly Selling, General & Administrative has ranged from $2.11 million in Q3 2024 to $24.09 million in Q3 2025 over the past five years.
- On a year-over-year basis, Selling, General & Administrative rose in five of the last seven quarters, with growth averaging 55.9%.
- Peak year-over-year performance for Selling, General & Administrative in the last five years was growth of 134.9% in Q1 2026, against a decline of 51.7% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $9.36 million (Q4 2025), $24.09 million (Q3 2025) and $4.11 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 356.92 Mn |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 503.00 Mn |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 825.87 Mn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 128.25 Mn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 223.67 Mn |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 1.89 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 1.69 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 37.27 Mn |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 51.77 Mn |
| 10 | TON Strategy | 201.81 Mn | 62.91 Mn | 3.96 Mn | 7.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 7.82 Mn |
| Dec 31, 2025 | 9.36 Mn |
| Sep 30, 2025 | 24.09 Mn |
| Jun 30, 2025 | 4.11 Mn |
| Mar 31, 2025 | 3.33 Mn |
| Dec 31, 2024 | 4.02 Mn |
| Sep 30, 2024 | 2.11 Mn |
| Jun 30, 2024 | 2.14 Mn |
| Mar 31, 2024 | 2.96 Mn |
| Dec 31, 2023 | 2.43 Mn |
| Sep 30, 2023 | 2.85 Mn |
| Jun 30, 2023 | 2.69 Mn |
| Mar 31, 2023 | 3.55 Mn |
| Dec 31, 2022 | 2.75 Mn |
| Sep 30, 2022 | 5.13 Mn |
| Jun 30, 2022 | 4.76 Mn |
| Mar 31, 2022 | 7.04 Mn |
| Dec 31, 2021 | 5.69 Mn |
| Sep 30, 2021 | 6.13 Mn |
| Jun 30, 2021 | 6.54 Mn |
API Access
TON Strategy Selling, General & Administrative API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "ticker": "TONX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();